Artistic and cultural organizations

From the 2024 DOR Tax Exemption Study

82.08.031; 82.12.031 - Artistic and cultural organizations Description Artistic or cultural organizations are exempt from sales and use taxes on purchases of objects acquired for purposes of exhibition or presentation to the general public. These objects include objects of art, objects with cultural value, objects to be used to create art (other than tools), and objects to be used in displaying art and presenting cultural presentations or performances. Purpose To support these organizations and the social benefits they provide. Taxpayer ($ in millions): savings FY 2024 FY 2025 FY 2026 FY 2027 State Taxes $0.982 $1.018 $1.054 $1.090 Local Taxes $0.441 $0.458 $0.474 $0.490 Repeal of Repealing this exemption would increase revenues. exemption Potential ($ in millions): revenue gains FY 2024 FY 2025 FY 2026 FY 2027 from full repeal State Taxes $0.000 $0.933 $1.054 $1.090 Local Taxes $0.000 $0.420 $0.474 $0.490 Assumptions - This repeal takes effect July 1, 2024, and impacts 11 months of collections in fiscal year 2025. - Growth rate mirrors the retail sales taxes growth rate reflected in the Economic and Revenue Forecast Council's March 2023 forecast. - Local revenue estimates use the